ASIC Annual Statements

After you receive your annual statement from ASIC, you should follow these steps:

1. Check the invoiced annual review fee is correct and organise payment before the due date. Payment can be made via cheque or electronic payment such as BPay.
2. Check all of the information on your company statement carefully. If there are any discrepancies, the details will need to be changed on ASIC's register via a form 484.
3. Hold a directors meeting and prepare a solvency resolution. A solvency resolution is made by the directors of a company that, in their opinion, the company can or cannot pay back its debts when they are due. A negative solvency resolution will need to be lodged with ASIC via a form 485.